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Short Term Credit
LOAN AGAINST RECEIPT OF WAREHOUSE/COLD STORAGE(FOR TRADERS/ PROCESSORS/ARTHIYAS)
Features FAQs
 
Objective
 
Purchase of Raw materials for Food & Agro Processing Industries during harvesting season when commodity prices are low.
 
Quantum of Loan
 

  • Price of the commodity (same variety and comparable grade ) prevailing in the local market/nearest market; or
  • Price mentioned in the warehouse receipt ; or
  • Price communicated by regional office;

  • Whichever is lowest

Permissible finance shall be fixed after deducting stipulated margin on valuation as arrived above
 
Eligibility
 
Food and Agro based processing unit using agriculture commodities as raw material, Proprietorship concerns/partnership firms/ corporate/individuals trading in agricultural commodity and Arthiyas in rural and semi urban areas.
 
Approved warehouses:
 
Centralware housing corporation(CWC), state warehousing corporation(SWC) and other godowns managed by the Collateral Management Agencies (CMA)
 
Security
 
Pledge of warehouse Receipts of approved warehouses.
 
Margin
 
COMMODITIES APPROVED (In %)
Wheat, Rice (Common), Rice (Fine), Paddy (Common), Paddy (Fine), Paddy(Super Fine/Basmati), Soyabean, Cotton Bales-Medium Staple, Cotton bales-Long Staple, Rubber, Sesame seed, Castor seed 25
Masur, Masur dal, Maize, Gram, Chana dal, Cotton Seed, Tur, Tur dal, Urad, Moong, Groundnut Seed (Kernels), Ground nut in shell, Black pepper, Mustard, Sunflower, Jaggery, Guar seed, Guar gum, Cotton seed oilcake, Ground nut oilcake, Mustard oil cake, Soya oilcake, Yellow peas, Bajra, Jowar, Jeera, Jute 30
Turmeric, Lin seed (Alsi), Chillies, Ajwain, Psyllium(Isabgul), Methi Seeds,Tamarind 35
Potato, Coriander 40
 
Documents
 
DPN, Pledge agreement, declaration by borrowers and letter of continuity once obtained valid for 3 years. Warehouse receipt endorsed in favour of Bank
 
Repayment
 
Each drawl has to be repaid within 10 months. Although it is advisable to get the drawls adjusted before arrival of new crop
 
Rate of Interest & Processing Charges:
 
Please click here to know our latest rate of interest
 
I Anup Kumar Das, Son of Late Jiban Krishna Das, residing at Vill.- Paschim Nandabhanga, P.O.- Bakhrahat, P.S.- Bishnupur, Dist.- South 24-Parganas, West Bengal
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